- 1 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 13TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ COMPANY PETITION NO.160 OF 2016 A/W COMPANY APPLICATION NO.389 OF 2024 COMPANY APPLICATION NO.392 OF 2024 C/W COMPANY PETITION NO.161 OF 2016 A/W COMPANY APPLICATION NO.390 OF 2024 COMPANY APPLICATION NO.391 OF 2024 IN COP No.160/2016 BETWEEN: M/S. G K ISPAT A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT N.C. DUTTA SARANI, #2, UNIT #3 4TH FLOOR, SAGAR ESTATE KOLKATA, WEST BENGAL-700 001 REPRESENTED BY ITS DIRECTOR MR. ROHAN AGARWAL ALSO BRANCH AT: NO.44, BRIGADE BUSINESS SUITE 5TH FLOOR, T. MARIAPPA ROAD 2ND BLOCK, JAYANAGAR BENGALURU-560 011. …PETITIONER (BY SRI. R. SWAROOP ANAND, ADVOCATE [ABSENT]) Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 AND: M/S. BLUE HORIZON HOTELS PVT LTD HAVING REGISTERED OFFICE AT: NO.172/1, SRINIVAS INDUSTRIAL ESTATE N.S. PALYA, BANERGHATTA ROAD BENGALURU-560 076. …RESPONDENT (BY SRI. CHANDRASHEKARA REDDY R.A, ADVOCATE) THIS PETITION IS FILED UNDER SECTIONS 433(e) AND 433(f) OF THE COMPANIES ACT, 1956, PRAYING TO WINDING UP OF THE RESPONDENT COMPANY UNDER SECTIONS 433(e) AND 433(f) OF THE COMPANIES ACT, 1956 ON THE GROUND OF ITS INABILITY TO PAY DEBTS, ETC. IN CA NO.389 OF 2024: BETWEEN: M/S. G K ISPAT A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT N.C. DUTTA SARANI, #2, UNIT #3 4TH FLOOR, SAGAR ESTATE KOLKATA, WEST BENGAL-700 001 REPRESENTED BY ITS DIRECTOR MR. ROHAN AGARWAL ALSO BRANCH AT:NO.44, BRIGADE BUSINESS SUITE 5TH FLOOR, T. MARIAPPA ROAD 2ND BLOCK, JAYANAGAR BENGALURU-560 011. … APPLICANT (BY SRI. R. SWAROOP ANAND, ADVOCATE [ABSENT]) - 3 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 AND: M/S. BLUE HORIZON HOTELS PVT LTD HAVING REGISTERED OFFICE AT: NO.172/1, SRINIVAS INDUSTRIAL ESTATE N.S. PALYA, BANERGHATTA ROAD BENGALURU-560 076. …RESPONDENT (BY SRI. CHANDRASHEKARA REDDY R.A., ADVOCATE) THIS APPLICATION IS FILED UNDER SECTION 151 OF CPC R/W ARTICLE 226 OF THE CONSTITUTION OF INDIA, PRAYING TO RESTRAIN OR INJUNCT THE RESPONDENT HEREIN FROM ALIENATING OR CREATING ANY KIND OF THIRD PARTY RIGHTS OVER THE SCHEDULE PROPERTY BELONGING TO THE RESPONDENT COMPANY PENDING DISPOSAL OF THE PRESENT PETITION, IN THE INTEREST OF JUSTICE AND EQUITY. IN CA NO.392 OF 2024: BETWEEN: M/S. G K ISPAT A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT N.C. DUTTA SARANI, #2, UNIT #3 4TH FLOOR, SAGAR ESTATE KOLKATA, WEST BENGAL-700 001 REPRESENTED BY ITS DIRECTOR MR. ROHAN AGARWAL ALSO BRANCH AT NO.44, BRIGADE BUSINESS SUITE 5TH FLOOR, T. MARIAPPA ROAD 2ND BLOCK, JAYANAGAR BENGALURU-560 011. … APPLICANT - 4 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 (BY SRI. R. SWAROOP ANAND, ADVOCATE [ABSENT]) AND: M/S. BLUE HORIZON HOTELS PVT LTD HAVING REGISTERED OFFICE AT: NO.172/1, SRINIVAS INDUSTRIAL ESTATE N.S. PALYA BANERGHATTA ROAD BENGALURU-560 076. …RESPONDENT (BY SRI. CHANDRASHEKARA REDDY R.A., ADVOCATE) THIS APPLICATION IS FILED UNDER SECTION 151 OF CPC R/W ARTICLE 226 OF THE CONSTITUTION OF INDIA, PRAYING TO HEAR AND DISPOSE OFF THE PETITION AS EXPEDITIOUSLY AS POSSIBLE, IN INTEREST OF JUSTICE AND EQUITY. IN COP NO.161/2016 BETWEEN: M/S. GAURAV ROSE REAL ESTATE PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.9/12 LAL BAZAR STREET MERCHANTILE BUILDING BLOCK-E, 2ND FLOOR KOLKATTA-700 001 REPRESENTED BY ITS AUTHORISED SIGNATORY MR. ROHAN AGARWAL. ...PETITIONER (BY SRI. R. SWAROOP ANAND, ADVOCATE [ABSENT]) - 5 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 AND: M/S. BLUE HORIZON HOTELS PVT LTD HAVING REGISTERED OFFICE AT: NO.172/1, SRINIVAS INDUSTRIAL ESTATE N.S.PALYA, BANERGHATTA ROAD BENGALURU-560 076. ...RESPONDENT (BY SRI. CHANDRASHEKARA REDDY R.A., ADVOCATE) THIS PETITION IS FILED UNDER SECTIONS 433(e) AND 433(f) OF THE COMPANIES ACT, 1956, PRAYING TO PASS AN ORDER FOR WINDING UP OF THE RESPONDENT COMPANY UNDER SECTIONS 433(e) AND 433(f) OF THE COMPANIES ACT, 1956 ON THE GROUND OF INABILITY OF THE RESPONDENT TO PAY ITS DEBTS TO THE DEBTORS, ETC. IN CA NO.390 OF 2024: BETWEEN: M/S. GAURAV ROSE REAL ESTATE PVT LTD REGISTERED OFFICE AT NO.9/12 LAL BAZAR, MERCHANTILE BUILDING BLOCK-E, 2ND FLOOR KOLKATTA-700 001. … APPLICANT (BY SRI. R SWAROOP ANAND, ADVOCATE [ABSENT]) AND: M/S. BLUE HORIZON HOTELS PVT LTD HAVING REGISTERED OFFICE AT: NO.172/1, SRINIVAS INDUSTRIAL ESTATE N.S.PALYA, BANERGHATTA ROAD BENGALURU-560 076. ...RESPONDENT - 6 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 (BY SRI. CHANDRASHEKARA REDDY R.A., ADVOCATE) THIS APPLICATION IS FILED UNDER SECTION 151 OF CPC R/W ARTICLE 226 OF THE CONSTITUTION OF INDIA, PRAYING TO HEAR AND DISPOSE OFF THE PETITION AS EXPEDITIOUSLY AS POSSIBLE, IN INTEREST OF JUSTICE AND EQUITY. IN CA NO.391 OF 2024: BETWEEN: M/S. GAURAV ROSE REAL ESTATE PVT LTD REGISTERED OFFICE AT NO.9/12 LAL BAZAR, MERCHANTILE BUILDING BLOCK-E, 2ND FLOOR KOLKATTA-700 001. … APPLICANT (BY SRI. R SWAROOP ANAND, ADVOCATE [ABSENT]) AND: M/S. BLUE HORIZON HOTELS PVT LTD HAVING REGISTERED OFFICE AT: NO.172/1, SRINIVAS INDUSTRIAL ESTATE N.S.PALYA, BANERGHATTA ROAD BENGALURU-560 076. ...RESPONDENT (BY SRI. CHANDRASHEKARA REDDY R.A., ADVOCATE) THIS APPLICATION IS FILED UNDER SECTION 151 OF CPC R/W ARTICLE 226 OF THE CONSTITUTION OF INDIA, PRAYING TO RESTRAIN OR INJUNCT THE RESPONDENT HEREIN FROM ALIENATING OR CREATING ANY KIND OF THIRD PARTY RIGHTS OVER THE SCHEDULE PROPERTY BELONGING TO THE RESPONDENT COMPANY PENDING DISPOSAL OF THE PRESENT PETITION, IN THE INTEREST OF JUSTICE AND EQUITY. - 7 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 THESE PETITIONS ALONGWITH APPLICATIONS, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. This Court vide its order dated 30.01.2026 had categorically observed that if no submissions are made by the petitioners as regards the submission made by the respondent that all the payments have been made, the petitions would be liable to be dismissed for non-prosecution. Today, there is no appearance on the part of the petitioners, and hence, no submissions are made. 2. In that view of the matter, accepting the submission made by the learned counsel for the respondent and being of the opinion that the petitioners are not interested in prosecuting the petitions, both the petitions stand dismissed for non-prosecution. - 8 - HC-KAR NC: 2026:KHC:9228 COP No. 160 of 2016 A/W CA NO.389 of 2024, CA No.392 OF 2024 C/W COP No. 161 of 2016 A/W CA No.390 of 2024, CA No.391 of 2024 3. In view of dismissal of the petitions, the applications in CA No.389 of 2024, CA No.390/2024, CA No.391 of 2024 and CA No.392 of 2024 are also dismissed. SD/- (SURAJ GOVINDARAJ) JUDGE hkh. List No.: 1 Sl No.: 3